Bitcoin Holds Steady Above $119K, Eyes Set on $135K
Bitcoin continues to maintain its bullish momentum, holding above the key $119K support level, which preserves its positive daily trend. After clearing major resistance zones, BTC now has a relatively open path toward new highs—though the upper boundary of its current trading channel could serve as short-term resistance.
If the price reaches that upper zone and gets rejected, Bitcoin may re-enter a broader range, fluctuating between the $100K support and the channel top. For now, $119K remains the key level to watch—a break below it could signal a deeper correction.
In the near term, momentum is leaning bullish, with upside potential toward $135K. A decisive breakout beyond that could trigger accelerated price discovery, while a rejection would likely result in more sideways movement within the existing channel.
